It appears that everyone is making a watch these days – other than Apple of course, which is yet to release its out-of-date effort. The latest manufacturer to throw its hat into the ring is the maker of Swiss Army knives.

Victorinox plans to unveil its version of a smartwatch by the start of next year. The company's chief executive, press officer, manufacture and coffee boy, Carl Elsener told a Swiss newspaper Aargauer Zeitung the firm would present the new watch at the end of the year or early 2016 at the latest.

Elsener, whose great-grandfather Karl founded Victorinox in 1884, said the company wanted to expand the functions of its watches.

We guess it can't just be a watch, it has to be a compass, a knife, a fish scaler and a device for removing stones from horse's hooves too.

Unlike Apple, Elsener wants his watch to have a long lifespan compared to a mobile phone or a computer. Given that Apple sees people spending to replace their watch every couple of years this is a bit of a novelty.

Victorinox are not new technology. A while back they were one of the first to stick a USB flash drive onto a Swiss Army Knife.

In case recent HDD price increases haven’t satisfied your lust for price hikes, then get a load of the Swiss Army SSD. Yep, you hear that right – an SSD tucked away in a Swiss knife.

Victorinox unveiled the product at CES 2012 and claims it is the smallest high-capacity SSD on the market. As you’d expect, the storage part can be folded out just like any other Swiss Knife component and comes with AES 256 security encryption for data protection.

The Swiss Army SSD boasts USB 2.0 and 3.0 support as well as eSATA. It comes with a Bi-Stable LCD graphics display with 48x96 resolution. The display is active even when the the drive is not plugged in.

And now for the sweetest part – these “Swiss drives” are priced from $470 for 64GB versions up to $2,000 for the 1TB version. So, if you happen to have a Swiss bank account, then treat yourself to a Swiss Army Knife SSD.